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Equinix Inc. (EQIX): Today's Featured Internet Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Equinix (
EQIX) pushed the Internet industry higher today making it today's featured internet winner. The industry as a whole was unchanged today. By the end of trading, Equinix rose $2.19 (1.3%) to $168.18 on light volume. Throughout the day, 786,527 shares of Equinix exchanged hands as compared to its average daily volume of 1,287,400 shares. The stock ranged in a price between $165.50-$169.46 after having opened the day at $167.08 as compared to the previous trading day's close of $165.99. Other companies within the Internet industry that increased today were:
NetEase (
NTES), up 10.7%,
Net Element International (
NETE), up 10.5%,
Geeknet (
GKNT), up 7.3% and
QuinStreet (
QNST), up 4.9%.

Equinix, Inc. provides data center services to protect and connect the information assets for the enterprises, financial services companies, and content and network providers primarily in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Equinix has a market cap of $8.3 billion and is part of the technology sector. Shares are down 18.6% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate Equinix a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Equinix as a
hold. The company's strengths can be seen in multiple areas, such as its revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.